13th July 2020

Multimillion-pound refinance for luxury wedding venue

Our commercial property & real estate, finance and banking teams have successfully advised Wharfedale Grange and Barclays Bank in respect of a multimillion-pound refinance deal.

The funding is set to support significant financial growth and strengthen Wharfedale Grange’s future plans in the sector.

The premier venue operates as a high-end wedding and function space, featuring a detached grade II-listed 18th century farmhouse, a wedding barn and a range of outbuildings.

Known for its prominent location between Leeds and Harrogate, the venue has a unique proposition with a substantial ceremony space and banqueting hall. The development remains sympathetic to the original buildings yet is represented in a contemporary style.

Despite ongoing national uncertainty, the transaction was completed within 6 weeks from instruction.

Manjit Virdee, our commercial property & finance lead, said: “We are extremely pleased to have helped Claire in the next phase of her incredible project which despite what is going on in the world, continues to thrive and bookings continue to be made.  I am extremely pleased the team at Schofield Sweeney were able to turn this around in the time scale provided by the client.”

Claire Thomas, Director of Wharfedale Grange Limited, said: “I’m absolutely delighted to announce that Wharfedale Grange has entered into an arrangement with Barclays and thankful that we can continue to build our business with their confidence and backing. In these uncertain times it’s truly a testament to the incredible proposition that we have created in such a beautiful part of the world. A huge thank you to Manjit and his team at Schofield Sweeney for seeing this through so speedily.”

Nicola MacGregor of Barclays Bank said: “It has been a pleasure to work with Claire and watch the transformation of Wharfedale Grange into a truly stunning venue.  Claire and her team have worked incredibly hard to develop the proposition and I’m delighted that we have been able to build the relationship over the past few years and provide financial support. It has also been great working with Manjit, as he has turned things around incredibly quickly, in what has become a challenging time for everyone.”

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